Vail Resorts: Fiscal 1Q Earnings Snapshot
BROOMFIELD, Colo. (AP) _ Vail Resorts Inc. (MTN) on Friday reported a loss of $107.8 million in its fiscal first quarter.
The Broomfield, Colorado-based company said it had a loss of $2.66 per share. Losses, adjusted for costs related to mergers and acquisitions and non-recurring costs, were $2.43 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $2.44 per share.
The ski resort operator posted revenue of $220 million in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $234.7 million.
Vail Resorts shares have increased 28 percent since the beginning of the year. The stock has climbed 22 percent in the last 12 months.